Before this milestone, Balchunas had observed that IBIT posted its “second biggest volume day ever” on May 21.
He noted that this trend was also observed in other Bitcoin ETF products, which had seen above-average volume thanks to the growing institutional interest in BTC, with investors piling into crypto-related funds during the price surge.
“All the BTC ETFs are elevated, most gonna see 2x their [daily] average. Flows incoming.”
The cumulative impact of these gains has been substantial. Lifetime net inflows into all Bitcoin ETFs have now surpassed $44.5 billion, which illustrates the growing demand for regulated crypto investment vehicles.
